Video-Sharing Site One True Media Raises $5 Million

Authored by Mark Hefflinger on June 12, 2006 - 1:09pm.

Redwood City, Calif. - One True Media, a developer of an online video-sharing community, announced on Monday that it has raised $5 million in its first round of venture capital financing from Kleiner Perkins Caufield & Byers. Since launching in December 2005, the company has registered 335,000 members, who can upload, edit, add music and share their personal videos. The company has partnered with BabyCenter, an online resource for new parents, as well as blogging software developer SixApart on the family-targeted site. "Everyday consumers are shooting millions of photos and videos but they have no way to combine all that media into a compelling story that will make their friends or family laugh or cry," said One True Media CEO Mark Moore. "We want to make it easy for people to communicate the emotion that is often hard to see in still photos. We eliminate the complexity of editing and mixing digital media, so that everybody can be the director or star of their own video." The company did not disclose plans for the new funds.

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